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July 14, 2014
15:32 EDTDRLDoral Financial sells non-performing assets for $369M
Doral Financial announced the sale of a significant amount of its non-performing assets for $369M, a move that will allow the company to improve its financial position -- by reducing risk and improving its liquidity -- and move forward with the rest of its restructuring plan. The closing of the transaction is subject to regulatory approval.
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August 26, 2014
08:07 EDTDRLDoral Financial, Treasury Department unable to reach definitive settlement
Doral Financial disclosed in a regulatory filing that the company and the Treasury Department have been unable to reach a definitive settlement agreement. On August 25, the parties ceased the settlement negotiations. The Court of First Instance has scheduled the trial for September 16, 17 and 18, Doral added.
August 25, 2014
09:22 EDTDRLDoral Financial extends negotiations with Treasury Department
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August 22, 2014
11:24 EDTDRLDoral Financial legal counsel issues statement regarding Hacienda negotiations
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